Japan’s inflation rises to 3.5%, its fastest rate in two years

Japan’s core inflation surged to 3.5% in April, its highest rate in over two years. This increase is largely due to rising rice prices, influencing overall inflation trends. BOJ Governor Kazuo Ueda suggested the central bank might increase interest rates to combat inflation.

Economic forecasts indicate that core inflation may decline due to lower crude oil prices and the appreciation of the yen. Analysts foresee a potential easing of inflation in the coming months as the effects of U.S. Tariffs on prices are monitored.